Guard Dog Security Services (GDSS) Lae was a proud recipient of the Category B Most Compliant in Benefit Payments Award at the 4th Annual Nasfund Employer Awards held last month at the Hilton Hotel in Port Moresby.
This award as outlined by Nasfund, is given to employers depending on the amount of benefit payments made to an employee of an employer, the number of retirement savings account payments made to a member and the amount brought over from an RSA account annually by an employer.
Chief Financial Officer of GDSS, Mr Wemin Kapia who was present to receive the award said that Guard Dog Security Services Lae continues to be a key financial player within the security industry and as such, remains committed to looking after its’ massive workforce, ensuring that benefits due are paid out in a timely manner and as accurately as much as possible.
“Times are very tough and there are many economic challenges we are facing at present but as an employer of choice, our priority is also in looking after our employees as it is because of them that the company is able to keep moving despite of difficulties,” Mr Kapia said.
Last year, GDSS Lae had paid out in excess of over K4.6M in benefit payments to its’ employees through the fund managers, Nasfund with most of these payments being processed seamlessly and with minimum process setbacks within the 2021 reporting period.
Mr Kapia attributed this success to the hard-working back-office team and expressed his gratitude for the tireless efforts put into ensuring that the company has a clean record with Nasfund and that it continues to exceed contribution targets every year.
“I must commend our back-office team, especially the payroll guys because they have been on their A game in the last financial year when it comes to remitting Nasfund entitlements and so this success is due to their hard work and commitment in getting the figures right every time without fail,” said Mr Kapia.
Mr Kapia also assured that through these very trying and challenging times, the company will continue to move forward positively and will continue to offer its’ unique security services to its clients both corporate and private and will ensure that they continue to keep the good working relationship with their fund managers, Nasfund.
According to the CFO, this is the second time GDSS Lae has scooped up an award at the Nasfund Employer Awards as they were also recipients of the Most Compliant award at the first annual awards hosted in 2018.
The Guard Dog Group however has in total 6 companies, all of which are members to the Nasfund and contributing in excess of more than K700 000 per month in member benefit payments.